Para 12.9 — MSO (A&E)
Original Rule Text
12.9 Premium and subscription are paid either in cash or by deduction from pay or pension bills, but all cash receipts take place at the Post Offices only, and not at the treasuries. The Accountant General have accordingly only to deal with the deductions from pay or pension bills. The monetary settlement on account of these deductions is to be carried out by the Accountant General with the P&T Accounts Officer concerned.
The certified lists should be prepared in Form-29.
What This Means
For the Postal Insurance and Life Annuity Fund, premiums and subscriptions are paid either in cash (at Post Offices only, not at treasuries) or by deduction from pay/pension bills. The Accountant General only handles the deductions from bills — not cash collections. The monetary settlement for these deductions is done between the AG and the concerned P&T (Posts & Telegraphs) Accounts Officer. Certified lists for these deductions are prepared in Form 29.
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.
Key Points
- 1Cash payments for Postal Insurance go to Post Offices, NOT treasuries
- 2AG office handles only pay/pension bill deductions, not cash collections
- 3Settlement of deduction amounts is between AG and P&T Accounts Officer
- 4Certified lists use Form 29 (different from Form 28 for the fund itself)
- 5Clear division of responsibility between Post Office (cash) and AG (deductions)
Practical Example
A pensioner in Pune contributes Rs. 300 monthly to the Postal Insurance Fund — Rs. 200 through pension bill deduction and Rs. 100 in cash at the local Post Office. The AG Pune handles only the Rs. 200 deduction: he prepares a certified list in Form 29, settles the amount with the P&T Accounts Officer, Mumbai, and records the transaction. The Rs. 100 cash payment is handled entirely by the Post Office and P&T department without any AG involvement.
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.
Frequently Asked Questions
Why can cash payments only be made at Post Offices and not at treasuries?▼
What is the monetary settlement between AG and P&T Accounts Officer?▼
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.